AOL still hopeful about Patch profitability 2013, seeks Patch media partners by Jim Townsend in Marketplace 08 Feb 2013 According to its Q4 2012 earnings call, AOL grew global advertising revenue by 13 percent year-over-year. AOL’s local news platform Patch.com was not part of that growth, however. A few months back, AOL chair and CEO Tim Armstrong predicted a $40-$50 million profit for Patch.com. In the earnings call, he said that the effects of Hurricane Sandy in many of AOL’s strongest and longest-running areas This article is only available to AIM Group clients. Please subscribe now or log in to view. Share Daily DealsStrategy Jim Townsend Jim Townsend, editorial director and a principal of the AIM Group, is a career journalist, consultant and interactive media pioneer with more than 35 years of experience in news management. Townsend joined the AIM Group in 2001 as an analyst and consultant and became a part-owner in 2003. He is based in Houston. He leads a global team of analysts who report media industry trends in North and South America, Europe, India, Asia, Australia and other countries in the Pacific Rim.